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Financial Evaluation of Government Corporations

Under the new administration where prudence and operational efficiency are critical in achieving optimal spending, Government-Owned and Controlled Corporations (GOCCs)are very much challenged to prove their worth and existence. This paper, which focuses on the financial performance of GOCCs, is organized as follows: the first part discusses the nature of GOCCs and the rationale for performance assessment; the second part describes commonly-used financial ratios while the third part presents a comparative analysis of GOCC financial performance across time. For the analysis portion, financial data of corporations belonging to public utilities, area development and regulatory sector (Cluster B) covering the period 2007 to 2009 as presented in the Annual Financial Report of the Commission on Audit (COA) were used.


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